1 week Ago By Defense World Staff
Geode Capital Management LLC increased its position in shares of Southern Copper Co. ( NYSE:SCCO – Free Report ) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 641,765 shares of the basic materials company’s stock after purchasing an additional 28,479 shares during the quarter. Geode Capital Management LLC owned 0.08% of Southern Copper worth $58,180,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc.
acquired a new position in shares of Southern Copper during the 4th quarter worth $30,000. Deseret Mutual Benefit Administrators raised its position in Southern Copper by 210.7% during the fourth quarter.
Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 257 shares during the last quarter. IFP Advisors Inc raised its position in Southern Copper by 143.4% during the fourth quarter.
IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Southern Copper in the fourth quarter valued at about $47,000. Finally, Larson Financial Group LLC grew its position in shares of Southern Copper by 28.
0% in the fourth quarter. Larson Financial Group LLC now owns 521 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. 7.
94% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities research analysts have commented on SCCO shares. Scotiabank increased their target price on Southern Copper from $52.
00 to $72.00 and gave the company a “sector underperform” rating in a report on Monday, March 10th. UBS Group raised Southern Copper from a “neutral” rating to a “buy” rating and set a $120.
00 price objective on the stock in a research note on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.
com, Southern Copper has a consensus rating of “Hold” and an average target price of $94.42. Southern Copper Price Performance SCCO stock opened at $84.
51 on Monday. The stock has a market capitalization of $67.28 billion, a price-to-earnings ratio of 19.
56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04.
The stock’s fifty day simple moving average is $92.05 and its 200-day simple moving average is $99.00.
Southern Copper Co. has a 52-week low of $74.84 and a 52-week high of $127.
34. The company has a quick ratio of 2.31, a current ratio of 2.
77 and a debt-to-equity ratio of 0.64. Southern Copper ( NYSE:SCCO – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 12th.
The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.
01). Southern Copper had a return on equity of 40.27% and a net margin of 29.
53%. Equities research analysts expect that Southern Copper Co. will post 4.
66 EPS for the current year. Southern Copper Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were given a dividend of $0.
70 per share. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60.
The ex-dividend date was Tuesday, February 11th. This represents a $2.80 annualized dividend and a yield of 3.
31%. Southern Copper’s dividend payout ratio is 64.81%.
About Southern Copper ( Free Report ) Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead. See Also Five stocks we like better than Southern Copper How to Calculate Options Profits Is McDonald’s Stock Serving a Value Meal to Investors? Biggest Stock Losers – Today’s Biggest Percentage Decliners Walgreens Comeback? Private Equity Circling for a Buyout Should You Add These Warren Buffett Stocks to Your Portfolio? Coca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding SCCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Southern Copper Co. ( NYSE:SCCO – Free Report ). Receive News & Ratings for Southern Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Copper and related companies with MarketBeat.
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